Sivers Semiconductors AB (NASDAQ: SIVE) announced a global distribution agreement with WT Microelectronics Co., Ltd. (TWSE: 3036), a world-leading electronics and semiconductors distributor.
With a 15% global market share, WT Microelectronics will serve as a strong global distribution partner for Sivers' InP (Indium Phosphide) lasers and wireless beamformer products and solutions, connecting its product portfolio and availability at scale with customers globally. The agreement supports Sivers' efforts to expand its commercial reach in markets where demand for optical technologies and high-capacity wireless connectivity continues to grow.
"WT is a global leader in electronics and semiconductors distribution. Partnering with WT Microelectronics and becoming their first laser line card gives Sivers access to an established global distribution network, strong demand creation capabilities and the ability to support production ramp fulfilments at scale," said Vickram Vathulya, CEO of Sivers Semiconductors. "The WT partnership commitment is an indication of the strength of the innovation and scale Sivers is bringing to the ecosystems in AI infrastructure, SATCOM and defense."
According to the Yole Group, InP continuous-wave DFB lasers for the AI photonics market is set to grow at 63% annually to $43.5B by 2031. And among the various applications for mmWave BFICs, the LEO (low earth orbit) SATCOM market is a fast-growing segment, where the Yole Group sees an expected growth of up to $1.2B by 2031.
"We are pleased to add Sivers' CW lasers and wireless beamformer technologies to our portfolio. These solutions address important and expanding markets, including AI data center connectivity, satellite communications, and next-generation wireless," said Joseph Cheng, SVP of Marketing at WT Microelectronics. "Our global distribution network and established customer relationships position us to bring these technologies to customers seeking advanced connectivity solutions. We look forward to working with Sivers to capitalize on these market opportunities."